PANews reported on January 23 that blockchain analytics platform Bubblemaps published an article on its X platform stating that RALPH has fallen by 97% since the developers sold off their holdings. 70% of traders have chosen to sell, while 30% are still holding. Those who chose to hold have accumulated losses of $2 million.

Earlier reports yesterday indicated that RALPH developers sold $300,000 worth of tokens, causing the price to drop by 80% .